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According to the text,which of the following is not a determinant of macroeconomic outcomes?
Conversion Costs
The aggregate expenditure on direct labor and manufacturing overheads used for turning raw materials into final products.
Frosting
In a culinary context, a sweet and fluffy coating or filling, usually made from sugar, butter, and flavorings, used to decorate or fill cakes and pastries. If referring to a financial term, there is no widely recognized definition fitting "frosting."
Prime Costs
The direct costs directly attributable to the production of goods, including direct materials and direct labor.
Conversion Costs
The total expenses of direct labor plus manufacturing overheads spent in transforming raw materials into completed goods.
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